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This paper examines the dynamic effects of government outlays on economic growth and the unemployment rate. Using … government outlays slow down economic growth and raise the unemployment rate; (2) different types of government outlays have … different effects on growth and unemployment, with transfers and subsidies having a larger effect than government purchases; (3 …
Persistent link: https://www.econbiz.de/10009224838
This paper examines the dynamic effects of government outlays on economic growth and the unemployment rate in the …: (1) positive shocks to government outlays will slow down economic growth and raise the unemployment rate; (2) different … types of government outlays have different effects on growth and unemployment, with transfers and subsidies having a larger …
Persistent link: https://www.econbiz.de/10005487460
We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles, that is, expansions in credit that are backed not by...
Persistent link: https://www.econbiz.de/10011250932
Persistent link: https://www.econbiz.de/10009493740
We develop a stylized model of economic growth with bubbles. In this model, changes in investor sentiment lead to the appearance and collapse of macroeconomic bubbles or pyramid schemes. We show how these bubbles mitigate the effects of financial frictions. During bubbly episodes, unproductive...
Persistent link: https://www.econbiz.de/10005772187
In this paper we measure the degree of income related inequality in mental health as measured by the GHQ instrument and general health as measured by the EQOL-5D instrument for the Catalan population. We find that income is the main contributor to inequality, although the share of inequality in...
Persistent link: https://www.econbiz.de/10005771932
This paper reports an analysis of income related health inequalities at the Autonomous Community level in Spain using …
Persistent link: https://www.econbiz.de/10005771943
In this paper we measure the degree of income related inequality in mental health as measured by the GHQ instrument and general health as measured by the EQOL-5D instrument for the Catalan population. We find that income is the main contributor to inequality, although the share of inequality in...
Persistent link: https://www.econbiz.de/10005772232
This paper reports an analysis of income related health inequalities at the Autonomous Community level in Spain using …
Persistent link: https://www.econbiz.de/10005772467
unemployment during the period 1990 to 2006 in the 28 countries that constitute the CEE-FSU group and outlines how unemployment … protection programs developed in response. We also suggest some tentative explanations for the observed trends in unemployment … and unemployment compensation. Our approach is novel in that we compare the performance of the CEE-FSU group to the …
Persistent link: https://www.econbiz.de/10005695944